The Coordinating Board is responsible for compiling and analyzing legislative appropriations requests from universities statewide. It recommends formulas for funding universities and community and technical colleges.

The agency collects and analyzes financial, performance and enrollment data from higher education institutions to help lawmakers make policy and funding decisions.

The Coordinating Board is responsible for approving new study programs at all institutions of higher education.

Legislators created the Coordinating Board in 1965. It is comprised of nine members appointed by the governor. They serve six-year terms.